Shanghai Turbo:
9MFY2013 Net profit at RMB$30 million, up 44% as compared to 9MFY2012 of RMB$21 million.
Cash RMB$55 million in hand or RMB$0.20 per share. Shanghai Turbo has no long term debt.
EPS at 9M FY2013 is 11.74 RMB cts, or 2.34 Sing cts. Assuming same performance in Q4, we should be expecting RMB$0.1565 or S$0.0313 in EPS.
Share of Shanghai Turbo is now $0.089 or trading at 2.84x PE ratio.
I will expect Shanghai Turbo to trade higher price in view of a dividend of RMB$0.05 in coming months.
Innotek:
Innotek pays a dividend of 5cts every year, except FY2012, in which it pays 1cts as dividend.
At 9M FY 2013, it is making a profit. Innotek is now 33cts, with a potential payout of dividend.
Speculative buy
9MFY2013 Net profit at RMB$30 million, up 44% as compared to 9MFY2012 of RMB$21 million.
Cash RMB$55 million in hand or RMB$0.20 per share. Shanghai Turbo has no long term debt.
EPS at 9M FY2013 is 11.74 RMB cts, or 2.34 Sing cts. Assuming same performance in Q4, we should be expecting RMB$0.1565 or S$0.0313 in EPS.
Share of Shanghai Turbo is now $0.089 or trading at 2.84x PE ratio.
I will expect Shanghai Turbo to trade higher price in view of a dividend of RMB$0.05 in coming months.
Innotek:
Innotek pays a dividend of 5cts every year, except FY2012, in which it pays 1cts as dividend.
At 9M FY 2013, it is making a profit. Innotek is now 33cts, with a potential payout of dividend.
Speculative buy
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